IMS Company, recently acquired by Zodiac Aerospace of France, has expanded at 2929 Imperial Hwy in Brea, CA in a new, seven-year, 81,077-square-foot lease there. The deal, touted as the largest office lease in Orange County, will bring the property to 100 percent occupied when it commences this November.
The two-story, 121,143-square-foot office building was constructed in 1985 on 5.6 acres in the Brea / La Habra submarket of Orange County, at…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/IMS-Inks-81000-SF-Lease-in-OC/149137?ref=/News/Article/IMS-Inks-81000-SF-Lease-in-OC/149137&src=rss
Hello and thanks for stopping by. My name is Robert Mendieta and I am a Commercial Real Estate Associate. You can check me out at RealEstateForSaleInlandEmpire.com
Today I wanted to tell you about a great 100,000 square feet Warehouse Space I just leased out. It’s located in the City of Riverside, California which is in the Inland Empire region of Southern California. Its part of a larger 400,000 square feet space and is in close proximity of the Ports of Long Beach. It has a Wrought Iron Gated Entry, Large Staging Area, 120’ secured Truck Court. The space is a Cross Dock Design with 28 Dock High Doors with 2 Ground Level entry doors.
The minimum Ceiling Height is approximately 32 feet high with approximately 2% skylights to allow great natural light. The space also has an ESFR Fire Sprinkler System. Installed as well as T5HO Warehouse Lighting.
The office space in approximately 1,800 square feet with a dispatch area, 3 private offices, and a kitchenette. There are also two restrooms inside the office area as well as outside in the warehouse. .
Once again, my name is Robert Mendieta, and I am a Commercial Real Estate Associate specializing in Industrial Real Estate Southern California. If you would like more details about this property or if you are looking for warehouse space and would like to receive a free list of available properties for Lease or Sale that meet your specific criteria, you can feel free to contact me. There’s never any obligation and I am happy to help. I look forward to personally meet with you soon.
Rexford Industrial purchased the six-building, Benson Commerce Center at 8900-8980 Benson Ave. in Montclair, CA for $7.15 million, or about $82 per square foot, from Benson Equities LLC.
Built in 1975, the business park totals 87,156 square feet on 5.2 acres at the southwest corner of Benson Ave. and 8th St. in the West San Bernardino County submarket. The asset was 84 percent leased at the time of sale.
via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853?ref=/News/Article/Montclair-Industrial-Portfolio-Trades-for-$72M/148853&src=rss
Lion Eagle Holdings LLC purchased the industrial building at 1280 S. Buena Vista St. in San Jacinto, CA for $1.01 million, or about $56 per square foot, from 1280 Buena Vista Street LLC.
Built in 2000, the property totals 18,000 square feet on 1.3 acres at the northwest corner of W. Esplanade Ave., east of S. State St., in Riverside County. The buyer is an owner/user, and will occupy the building doing business at Interstate Carports Corp.
via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050?ref=/News/Article/San-Jacinto-Industrial-Trades-for-$1M/148050&src=rss
A joint venture between Behringer Harvard and CT Realty Investors has sold the Interchange Business Center, located at 1651 Interchange Dr. and 3372-3524 N. Mike Daley Dr. in San Bernardino, CA, to a privately-held national real estate advisor.
The three-building complex comprises 667,024 square feet of class A industrial space on 34 acres in the Inland Empire, east of Los Angeles. They were all built in 2008 and feature multiple loading docks…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Behringer-Harvard-CT-Realty-Sell-Interchange-Business-Center/148086?ref=/News/Article/Behringer-Harvard-CT-Realty-Sell-Interchange-Business-Center/148086&src=rss
The Inland Empire Industrial market ended the first quarter 2013 with a vacancy rate of 6.6%.
The vacancy rate was down over the previous quarter, with net absorption totaling positive 2,974,940 square feet in the first quarter. That compares to positive 5,473,229 square feet in the fourth quarter 2012. Vacant sublease space decreased in the quarter, ending the quarter at 689,384 square feet.
Tenants moving into large blocks of space in…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Market-Trend-Inland-Empires-Industrial-Vacancy-Decreases-to-66/148004?ref=/News/Article/Market-Trend-Inland-Empires-Industrial-Vacancy-Decreases-to-66/148004&src=rss
Ranco Realty Group LLC sold the Riverton of the High Desert apartment complex at 14374 Borego Rd. in Victorville, CA to Clear Capital LLC for $19 million, or about $86,000 per unit.
Originally constructed in 2008, the 220-unit multifamily property totals 197,672 square feet, comprising 16 buildings on 11.1 acres located at the southwest corner of Borego and Seneca Roads. The subject property consists of 36 one-bed, one-bath and 184 two-bed, two…
via Inland Empire Commercial Real Estate News From CoStar Group http://www.costar.com/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807?ref=/News/Article/Riverton-of-the-High-Desert-Trades-for-$19M/147807&src=rss
Mendocino Forest Products Company LLC purchased the industrial building at 13041 Union Ave. in Fontana, CA for $3.2 million, or about $59 per square foot, from a private trust. The buyer, a manufacturer and distributor of environmentally-certified lumber products, had been leasing the premises for about two years at the time of sale.
Built in 1979, the rail-served warehouse property totals 53,825 square feet on 5.6 acres located at the southeast…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/Fontana-Industrial-Sells-for-$32M/144752?ref=/News/Article/Fontana-Industrial-Sells-for-$32M/144752&src=rss
Farmer Brothers Co. sold the industrial property at 12101 Madera Way in Riverside, CA to Omega Properties, Inc. for $1,716,500 or about $64 per square foot. The buyer is an owner/user doing business as Roll-A-Shade, a manufacturer of roller shade products.
Built in 1989, the property totals 26,737 square feet on 1.6 acres, part of the Rivergate Industrial Park located at the northeast corner of the 91 Freeway and Buchanan St.
via Inland Empire Commercial Real Estate News From CoStar Group http://seattle.costargroup.com/News/Article/Riverside-Industrial-Sells-for-$17M/147280?ref=/News/Article/Riverside-Industrial-Sells-for-$17M/147280&src=rss
CT California Realty Fund VII purchased the fully-leased industrial building at 1333 S. Tippecanoe Ave. in San Bernardino, CA for $11.9 million, or approximately $53 per square foot. The seller, Loma Linda University, will remain in the building and lease back the property from the buyer.
The 225,000-square-foot building is located at the northeast corner of E. Victoria Ave. sits on a 7.9-acre parcel. Building features include three loading docks…
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-dc.costar.com/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907?ref=/News/Article/San-Bernardino-Industrial-Trades-For-$119M/146907&src=rss